Under Armour founder sold $138 million in stock during time period company allegedly misled investors about slowing sales

WASHINGTON POST

The apparel maker’s $9 million settlement with the SEC was cited in a class-action lawsuit accusing former CEO Kevin Plank of profiting from the company’s ‘deliberately inflated’ valuation. read more »

Australian man Craig Wright who says he created bitcoin takes £4bn claim to London high court

THE GUARDIAN

An Australian computer scientist who claims he created bitcoin has launched a London high court lawsuit against 16 software developers in an effort to secure bitcoin worth around £4bn pounds (A$5.7bn) he says he owns. read more »

Analysis: How murky legal rules allow Tesla’s Musk to keep moving markets

REUTERS

With his cult following, Tesla (TSLA.O) boss Elon Musk has amassed considerable power to move markets with his musings, but murky rules make it difficult for regulators to rein him in. read more »

British Fraud Unit Is Investigating Gupta and Greensill

NEW YORK TIMES

Britain’s financial crime unit is investigating suspected fraud and money laundering involving the businesses of Sanjeev Gupta, whose global metals empire ballooned in recent years with the aid of billions of dollars in financing from the failed  firm Greensill Capital. read more »